Brokerages expect Zoe’s Kitchen Inc (NYSE:ZOES) to report sales of $82.77 million for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Zoe’s Kitchen’s earnings. The highest sales estimate is $83.94 million and the lowest is $81.60 million. Zoe’s Kitchen reported sales of $74.31 million in the same quarter last year, which would suggest a positive year over year growth rate of 11.4%. The business is expected to report its next quarterly earnings report on Thursday, August 16th.

On average, analysts expect that Zoe’s Kitchen will report full-year sales of $346.85 million for the current fiscal year, with estimates ranging from $343.20 million to $350.50 million. For the next year, analysts anticipate that the company will report sales of $352.93 million per share, with estimates ranging from $344.80 million to $361.05 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Zoe’s Kitchen.

A number of brokerages have commented on ZOES. ValuEngine cut shares of Zoe’s Kitchen from a “hold” rating to a “sell” rating in a research report on Thursday, August 2nd. William Blair upgraded shares of Zoe’s Kitchen from a “market perform” rating to an “outperform” rating in a research report on Wednesday, August 1st. Maxim Group increased their price target on shares of Zoe’s Kitchen to $12.75 and gave the company a “hold” rating in a research report on Monday, August 20th. Piper Jaffray Companies cut shares of Zoe’s Kitchen from a “neutral” rating to an “underweight” rating and cut their target price for the stock from $11.00 to $7.00 in a report on Friday, May 25th. Finally, Telsey Advisory Group cut their target price on shares of Zoe’s Kitchen from $15.00 to $12.00 and set an “outperform” rating on the stock in a report on Tuesday, June 12th. Three research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $12.46.

Institutional investors have recently modified their holdings of the company. MetLife Investment Advisors LLC purchased a new stake in Zoe’s Kitchen in the fourth quarter worth $154,000. Tower Research Capital LLC TRC lifted its stake in Zoe’s Kitchen by 192.6% in the second quarter. Tower Research Capital LLC TRC now owns 18,562 shares of the restaurant operator’s stock worth $181,000 after acquiring an additional 12,219 shares during the period. Jane Street Group LLC purchased a new stake in Zoe’s Kitchen in the second quarter worth $191,000. Wrapmanager Inc. purchased a new stake in Zoe’s Kitchen in the second quarter worth $195,000. Finally, OLD National Bancorp IN purchased a new stake in Zoe’s Kitchen in the second quarter worth $207,000. Hedge funds and other institutional investors own 83.57% of the company’s stock.

Shares of NYSE ZOES opened at $13.41 on Wednesday. Zoe’s Kitchen has a one year low of $8.22 and a one year high of $17.65. The company has a current ratio of 0.60, a quick ratio of 0.47 and a debt-to-equity ratio of 0.17. The company has a market cap of $268.58 million, a price-to-earnings ratio of -136.60 and a beta of 0.36.

Zoe’s Kitchen Company Profile

Zoe's Kitchen, Inc, through its subsidiaries, develops and operates a chain of fast-casual restaurants. It operates a range of restaurant formats, including in-line, end-cap, and free-standing restaurants. As of February 22, 2018, the company operated owned and franchised 249 restaurants in 20 states of the United States.

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